MORTEN SMIDESANG AS

2092 MINNESUND

Finances

Share Ownership

Return on Equity

18,24 %

Current Ratio

9,16

Debt-to-Equity Ratio

0,02

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 038 000	1 165 000	1 248 000	1 206 000
Net Income	186 000	194 000	87 000	86 000
Total Assets	1 172 000	1 102 000	1 552 000	1 469 000
Total Equity	1 020 000	834 000	1 140 000	1 252 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 038 000	1 165 000	1 248 000	1 206 000
Expenditure	816 000	1 174 000	1 139 000	1 103 000
Operating Profit	222 000	−9 000	109 000	102 000
Financial Income	17 000	203 000	5 000	9 000
Financial Costs	0	0	1 000	0
Financial Balance	17 000	203 000	4 000	9 000
Earnings Before Tax	238 000	194 000	114 000	111 000
Tax	52 000	0	27 000	24 000
Net Income	186 000	194 000	87 000	86 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	0	10 000	13 000	4 000
Total Current Assets	1 172 000	1 092 000	1 539 000	1 465 000
Total Assets	1 172 000	1 102 000	1 552 000	1 469 000
Total Retained Equity	920 000	734 000	1 040 000	1 152 000
Total Equity	1 020 000	834 000	1 140 000	1 252 000
Total Long-Term Debt	24 000	22 000	26 000	9 000
Total Current Debt	128 000	246 000	386 000	208 000
Total Equity and Debt	1 172 000	1 102 000	1 552 000	1 469 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 003 000	1 156 000	1 136 000	1 206 000
Other Income	35 000	9 000	112 000	0
Revenue	1 038 000	1 165 000	1 248 000	1 206 000
Cost of Goods Sold	0	0	0	0
Salary Costs	655 000	900 000	781 000	778 000
Depreciation	0	3 000	8 000	3 000
Impairment	0	0	0	0
Expenditure	816 000	1 174 000	1 139 000	1 103 000
Operating Profit	222 000	−9 000	109 000	102 000
Financial Income	17 000	203 000	5 000	9 000
Financial Costs	0	0	1 000	0
Financial Balance	17 000	203 000	4 000	9 000
Dividends	0	500 000	200 000	0
Net Income	186 000	194 000	87 000	86 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	0	10 000	13 000	4 000
Total Tangible Assets	0	10 000	13 000	4 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	0	10 000	13 000	4 000
Stock	20 000	20 000	20 000	20 000
Total Investments	0	0	780 000	780 000
Cash, Bank	585 000	925 000	630 000	520 000
Total Current Assets	1 172 000	1 092 000	1 539 000	1 465 000
Total Assets	1 172 000	1 102 000	1 552 000	1 469 000
Total Equity	1 020 000	834 000	1 140 000	1 252 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	24 000	22 000	26 000	9 000
Creditors	4 000	15 000	5 000	4 000
Unpaid Taxes	10 000	140 000	97 000	100 000
Dividends	0	500 000	200 000	0
Other Current Debt	64 000	88 000	75 000	77 000
Total Current Debt	128 000	246 000	386 000	208 000
Total Equity and Debt	1 172 000	1 102 000	1 552 000	1 469 000

Financial indicators	2022	2021	2020	2019
Return on Equity	18,24 %	23,26 %	7,63 %	6,87 %
Debt-to-Equity Ratio	0,02	0,03	0,02	0,01
Operating Profit Margin	21,39 %	−0,77 %	8,73 %	8,46 %
Current Ratio	9,16	4,44	3,99	7,04
Quick Ratio	10,85	4,83	4,2	7,79
Equity Ratio	0,87	0,76	0,73	0,85
Gross Profit Margin	100 %	100 %	100 %	100 %